Dow Suffers First Triple-Digit Drop of 2013

2/4/2013 4:35PM

The Dow Jones Industrial Average slumped toward its first triple-digit drop this year, as weakness in technology stocks helped derail a five-week rally for the blue chips. WSJ's Jonathan Cheng reports on The News Hub. Photo: Bloomberg.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... all ... whole bread today ... Jonathan Cheng is can a Joinus took advantage Nasdaq the same story that activity index ... and the SB five hundred selloff ... Joplin ... one ... well it's that basically reversal of what what what was on Friday Friday we had ... a ... nice rally ... the Dow got up over fourteen thousand but ... the challenge is going to be whether or not we can hang on to these levels with and then in the spot ... well we had some worrying headlines from Europe and we've all seen so ... often I knew that there is nothing new though blurring of lines of U S already we've been discussing for four years it's federally twenty thirteen ... I've been discussing this since February two thousand and nine that spread to ... the worries here of course there's always a ... variation on the old theme we have some corruption issues in Spain ... was threatening ... the Arctic frog out government there in Italy Berlusconi Kraft making a comeback to him or is there ... so real the fall back on all the major indexes including for Spain Italy but also Germany France ... and across the board ... back came over to us as well and in a lot of people it been saying look we are prepping to take a breather here ... is a not so much and in January ... and Dom and the first of every was another strong base which seems like we needed a little bit of ... selling tickets to all this yes right and it's been ... pretty steady march up to a chain of ... every ten to the worst month stint in a January for some reason ... it's the beginning of the year people come and with more optimism people ... I knew or was not misled or my sour AOL do it ... the rate of extending last udon of the sale of the spending more on Valentines top of the many ways what happens in separate the market does tend to be a little weaker ... um we also had Oracle inked a deal today ... now that the market ... wasn't crazy about and to ... now we have ... the government perhaps doing ... some key mechanism the edges of the SCO is to know and and a mom I bought a gaudy one of the OS up with with getting and developing a new song is a developing story three fast-moving story this is the buyout of Dell ... Dell going private write to keep getting in trips and wraps always on my only ... guess and the technology sector was the weakest exits a lot going on there a Dell is an ongoing story ... Reeves was actually up fifteen percent today it changed its ticker to BBRY reflect its ... new name migraine ... but Topson fifteen percent ... standing by now ... anyway I watched on China Wall Street John all long now on but instead oh well